Borrow Money to Buy a Directbuy Franchise

Need a loan to purchase a Directbuy franchise? Rockland Trust Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rockland, Massachusetts needed money to invest in a Directbuy franchise back in 2007. Rockland Trust Company issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

DIRECT ADVANTAGE BOSTON, LLC DBA DIRECTBUY
ROCKLAND, MA 02370

SBA Loan Lender

ROCKLAND TRUST COMPANY
288 UNION ST
ROCKLAND, MA 02370

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

7/13/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Directbuy franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Rockland MA, you ought to talk with a local Rockland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rockland businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

DirectBuy

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Small Business Banks in Rockland, Massachusetts

SBA Participating Banks in Massachusetts